40 thoughts on “Weekly Trade Triangle on Gold”

  2. Last week you stated that if Gold hit 1090.00 it should continue
    to 1050.00. It did hit 1090.00 but today's high aroud 1105.00.
    do you have an upside stop in mind? or is the info re 1090.00 now
    invalid

  3. Couple of comments. The URI is with the comments area at the bottom of the page,that was Frank's question in an earlier comment, for websites
    or face book, etc... The second is on signals to buy or sell, or rules that are in place to be followed in a trading style. I bought a stock recently to own for specific time period, or until it's story changed. It has risen much faster than I expected time wise, the story is still in tact, they are doing what they said they would do, ahead of stated
    schedule, in short nothing has changed except the stock is up 450%!
    Two trading associates have given me the OINK!, OINK! for not selling
    half and taking the profits off the table. My inclination was to add to the position, not remove profits. I am comfortable with the management, the project, the pace, the objectives, etc..., but they say the market can still take it all away. The bet (risk) is with the markets, but there is still accumulation going on with the stock, even with a little profit taking I've identified. What your take? Adam, do you always take the profits off the table, do you let some (all/add) run?? You had talked about not throwing trading rules to the market...

    zinfool aka Jim

    PS URI stands for Uniform Resource Identifier It is a string of characters that identifies a name or resource on the Internet...

  4. The euro not in good shape and falling leads to a dollar rise. Which is a lot of times inverse to what gold does. my 2cents

    1. Harish,

      The trend in gold according to our Trade Triangle Technology is down. We see no change at this time in this market.

      Thanks,
      Adam

  6. Oh Adam...man are you the greatest ever! Smooch smooch...don't pay attention to anyone who has any negative opinions. You are the King of trading and anyone who disagrees from you should be..well....OMG I can't say that on the air!

    You are the all time gem of the world!!

    Georgette

    Please give me some attention..I love to see my name online and if you respond to my ass kissing, then I will get a..well....uh uh.. cough cough...puffed up sense of self worth!

    🙂 🙂 🙂

  7. Adam,

    You are a class act - and your company is A-1 in my books!

    Be wise enough to ignore Don Matos & such people who have no clue regarding what successful trading entails!

    I've been trading GOLD in futures since 1978 - and you guys are tops in my book (as far as technicals approach is concerned).

    Newbies have to be constantly reminded that MONEY MANAGEMENT (how you handle the 40% contrary signals) is the key to long term success in the markets (NOT the fantasy pursuit of a 100% Holy Grail system - which never existed). All systems will have FAILED SIGNALS - it's how you handle the failed signals that separate the MEN TRADERS from THE BOYS in this exciting business!

    ALL THE BEST, Adam, - and keep up the good work!

    From beautiful 70 degrees Phoenix AZ
    Desert Trader

  8. If the signal is to short gold, does it follow that one should also short the miners?

    1. Frank,

      Thank you for your feedback.

      The signal referred to spot gold.

      Stocks are another matter altogether. For stocks we use our monthly trade triangles for trend, and our weekly trade triangles for timing.

      All the best.
      Adam

  9. Well, I just sold half my position in gold with hopes to buy it back at a cheaper price in the next 3-6 weeks. I heard from a couple other sources that gold looks like it will pull back to somewhere between 1040 and 1070 or 103 on the GLD. The weekly trade triangle confirmed my decision to sell half. Mind you, spot gold jumped up $5 after I sold...just my luck.
    Regards,
    Kris

  10. Adam,

    Thanks for your service. I'm not a member, but I've been following you for years and appreciate the help you've given me. I have my own indicators and I'm always amazed at how closely they follow your trade triangles. I agree with your gold call. Moreover, gold looks like a bear flag that may play out over the next few days. I got out of GLD last week and am waiting for a rise to about 109 or so to go short. Again, thanks much for your service.

  11. I mentioned earlier that I was surprised at this call because the monthly triangle for gold is still positive and spot gold is, indeed, choppy.

    I am debating whether to ditch the physical gold I own (take it out of a safety deposit box and sell it back to the bank for well below spot) or keep it and protect my profits with ITM puts.

    I might add that Adam is a seasoned professional who we all respect and there is no need for unnecessary comments like those of Don Matos at 33:03. If you don't like the site, don't use it.

    Always appreciate your signals and comments, Adam

    2. Would like to comment even though I'm not yet a subscriber but don't understand what "URI" means. Can you clarify?

  14. Looks to me like the dollar index is right at the top of it's range encountering resistance. I expect gold to rise today and tomorrow's session before the end of the New York Market's close..We will see won't we?

    lol!

  15. No comments yet? Hmm..smells like a dictatoria conspiracy to me. Adam and his BS censored blog...He is a phony and has conflict of interest in a big way..

    poo on u

    1. Don,

      You cannot be serious with your comment. Please explain your thoughts. I am not aware that I know you or you know me personally.

      How can I have a conflict of interest, we do not manage money nor are we brokers. Everyone has the right either to do business with our company or not do business with us.

      The choice is yours. If you don't like me personally or my company you don't have to stay.

      I wish you well in whatever you choose to do in your life.

      Adam

      P.S. I just checked and as far as I can see you are not a member of MarketClub. If that is the case you know little or nothing about what we do.

  16. Hi Trader,

    This is Pierre Pienaar from Xcellence Wealth Creator.

    Being a non-American with a good medical Healthcare, I see that the bill is a step in the direct direction to give Americans more affordable Healthcare. Yes, it will cost a lot, but if America stop poking their nose in others' affairs they will have more than enough money to spend on Americans who need it.

    There a lot of critics like Peter Schiff stating that it is Socialism. I don't care what people call it, as long as will help people in need of affordable Healthcare.

    There will gainers and there will be losers, like the Insurance Companies. I don't have any sympathy wilth a lot of them, in my own country, Namibia as well. I jump in joy, now I can make money from them trading Put Options. However, timing and the specific losers and gainers are important. That is why I feel Gold will definite will move on the reactions of the Bill.

  17. What do you mean by "sell short entry ". The word "short" relates to the selling (selling short) or to the "entry" (short entry), which should be be for a short period of time. If so there is a contradiction between "weekly" and "short".

    Thanks

    1. Livio,

      Our weekly trade triangle gave a signal for the trend. The trend according to this signal is now down in gold. Our longer-term trade triangle is pointing up which means there could be more of a trading range as opposed to a strong trend moving down.

      All the best,
      Adam

  18. My post didn't get on here. Is this blog censored? Does someone allow or disallow posts based on their opinion, or is this a free speech zone?

    Martha

  19. Hi Adam,

    With all of the crazy dollar movement from the fiasco in Europe (that changes every day), is it wise to short gold now? Are you personally shorting Spot Gold and if so, with what percentage of your portfolio? I feel that the market for gold with the fiat currencies being abused is strongly upward. In this context, whet is the wisest thing to do now?

    Thank you, Martha

    1. Martha,

      Our weekly trade triangle to short gold was a legitimate signal. If you follow the program such as the trade triangles you are obligated to take the signals.

      Not to take the signals indicates that you're putting in a judgment call and is not the way to trade if you're following the the trade triangle approach to the markets.

      I do not comment on my personal portfolio.

      All the best,
      Adam

      1. I think Martha is wise to consider major market moving news in all of this. We aren't in a coffee market here. We all know that the dollar bounce is due to the trouble Greece is having and every time Germany, or France talks about having agreed on some bailout for them the dollar tanks again.

        I feel that it would be ignorant to trade without taking into consideration the big picture. Certainly there are other safer plays than btting on the dollar going higher. This is just like when the market was crazy with the indexes tanking and Henry Paulson conjuring up and announcing Government intervention in supposedly free markets. If youy bet on the dollar rising much further, you will be sorry. The powers that be behind all of the new unions and the New World Order cannot have the breakup of their baby. They announced the EU was their goal back in 1955. They will do anything to keep it alive and that means a bailout for Greece, and the rest of the liberal progressive nightmare experimental countries...and don't for get California..it is a liberal progressive nightmare too

  20. Wow! Another switcheroo? Now how do these things work again? Is there a place where we can check if we should buy or sell at weekly, daily, or monthly trade triangles? This is a bit confusing.

    Adam..isn't this all in the context of a solid bull market for gold?

    You da man!

    Booya!

    1. Jim,

      We are sticking with the weekly trade triangles which gave a sell signal. Right now the market is very choppy and likely to remain so until we see a clear breakout one way or another.

      All the best,
      Adam

  23. That's an interesting alert. First we get the long sell signal, and then the reversal the other day to go long and now another sell signal. I just read INO's Market Reports and Commentary for precious metals for Monday and it read :

    "April gold was lower overnight as it extends last Friday's decline below the 20-day moving average crossing at 1113.10. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the reaction low crossing at 1097.30 would confirm that a short-term top has been posted."

    Gold closes well above the 1097.30 at 1103.60 and we are selling already? This seems a bit whacky to me...

    I am long gold shares since the bad monthly trade triangle happened for GDX and gold mining stocks and have done quite nicely. I will ignore this "sell" signal...

  24. I am surprised at this call. Monthly triangle is still positive. It's a choppy market. I would have thought "sell" or "stand aside" would be the call, not sell short. Please advise.

    1. Ralph,

      We use the weekly trade triangles for trend in gold in the short-term. You are correct the monthly trade triangles remains positive which probably indicates that we will have a choppy trading range market. Having said that if you going to follow the weekly trade triangles you would want to be short right now.

      All the best,
      Adam

  26. I saw the weekly red signal on gold chart (ZG & YG) this morning (9or10am PST). However they have disappeared from the same charts now(5pm PST). I noticed the same thing happen to signal generated today on ZW and ZS. The signals aren't there anymore on the chart in the evening.

  27. Hi Adam,
    Thanks again for the heads up. I haven`t scene this alert before. To clarify; this is an alert to buy shorts anticipating further market drop. It`s really been a blender lately. Thanks again,
    Eric

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